BidaskClub Lowers Republic Bancorp, Inc. KY (RBCAA) to Sell

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Shares of Republic Bancorp, Inc. KY stock opened at $40.42 on Wednesday. The stock has a market cap of $848.87 million, a PE ratio of 12.93 and a beta of 0.41. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.12. Republic Bancorp, Inc. KY has a twelve month low of $34.24 and a twelve month high of $50.70.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, October 19th. The bank reported $0.74 earnings per share for the quarter. The firm had revenue of $64.50 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.02% and a net margin of 20.86%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its position in shares of Republic Bancorp, Inc. KY by 312.6% during the second quarter. Valeo Financial Advisors LLC now owns 2,063 shares of the bank’s stock valued at $101,000 after buying an additional 1,563 shares during the period. Acadian Asset Management LLC raised its stake in shares of Republic Bancorp, Inc. KY by 283.0% during the third quarter. Acadian Asset Management LLC now owns 2,206 shares of the bank’s stock valued at $102,000 after acquiring an additional 1,630 shares in the last quarter. Ramsey Quantitative Systems raised its stake in shares of Republic Bancorp, Inc. KY by 69.7% during the third quarter. Ramsey Quantitative Systems now owns 2,906 shares of the bank’s stock valued at $134,000 after acquiring an additional 1,194 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Republic Bancorp, Inc. KY by 145.9% during the third quarter. Legal & General Group Plc now owns 3,371 shares of the bank’s stock valued at $155,000 after acquiring an additional 2,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Republic Bancorp, Inc. KY by 83.5% during the third quarter. SG Americas Securities LLC now owns 4,841 shares of the bank’s stock valued at $223,000 after acquiring an additional 2,203 shares in the last quarter. Institutional investors own 25.87% of the company’s stock.

Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

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